国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

China's 'baby boom': cradle of financial reform?

(Xinhua) Updated: 2014-02-28 11:38

BEIJING - China's new "baby boom" is not of the demographic variety. New financial systems and products are being born everywhere, bringing trouble to some and great expectations for many.

China's 'baby boom': cradle of financial reform?

Alipay to launch long-term wealth-management product
 

China's 'baby boom': cradle of financial reform?

Alibaba's 'Leftover Treasure' hits 43m users 

The financial baby boom started when Jack Ma's online currency fund Yu'e Bao (Leftover Treasure) grew from almost nothing to a global leader, with 50 million investors stumping up 400 billion yuan ($65 billion) in just eight months.

The very simple recipe of a low investment threshold and high yield has catapulted Yu'e Bao and partner Tian Hong Asset Management from obscurity last June, to close to the top of the world today.

The miracle bred many envious copycats who began clawing at the market, scrapping for Internet investors, even going so far as to borrow auspicious characters in their names: "Bao" means both baby and treasure in Chinese.

Niu Wenxin, a highly regarded commentator with the national broadcaster CCTV, went so far as to call Yu'e Bao a "financial parasite" draining "blood" from banks, and the new financial "babies" are now in the sights of many wily old predators.

When Niu described funds like Yu'e Bao as another "central bank" with variable yields and huge capital, his hidebound attempt to nullify the new funds like Yu'e Bao got little support. Doubts and refutation flooded the Internet: What are these funds? Vampires or messiahs?

The creator of Yu'e Bao, Alipay, is angling for floatation on the New York Stock Exchange. The proud parent company posted a long statement online, defending their fat offspring and pouring sarcastic scorn over Niu. Alipay's counterstatement has been reposted and "liked" over 10,000 times.

"Niu knows nothing about finance or innovation," said a "financial analyst" with screen name "Yufenghui".

China's 'baby boom': cradle of financial reform?

Banks, online funds battle for larger share of savings

China's 'baby boom': cradle of financial reform?

Banks set to cap rates on Internet funds

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
临高县| 册亨县| 松滋市| 原阳县| 贵溪市| 咸宁市| 望都县| 石屏县| 旌德县| 石嘴山市| 来宾市| 通河县| 元阳县| 汪清县| 湄潭县| 河曲县| 正安县| 东丽区| 田东县| 湘西| 五大连池市| 万载县| 永胜县| 河津市| 苍山县| 九龙坡区| 介休市| 灵璧县| 扶绥县| 曲水县| 襄垣县| 福清市| 武陟县| 会同县| 嘉黎县| 灵台县| 黔东| 沧州市| 五大连池市| 通城县| 竹山县|